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Alan Mulally Retirement Plans - Good or Bad for Ford?

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Comments

  • berriberri Posts: 4,000
    In America, the first hint of a problem tends to quickly put the lawyers in charge.
  • fintailfintail Posts: 32,892
    Every city has a seedy underbelly. Seattle is as corrupt and cold as any, if you look close enough.

    No CEO is an angel, but look at some of the garbage he replaced, and his peers in other industries. He's a lesser evil at most, at least he has something for his tenure.

    If you want to see not kosher, look at some of the figures who have controlled the Korean makes you so lust after...
  • iluvmysephia1iluvmysephia1 Posts: 5,663
    edited April 2011
    automatically make the German carmaker's CEO's...leaders?

    2008 Mitsubishi Lancer GTS

  • fintailfintail Posts: 32,892
    Nope, just more mostly empty suits, who worked their way up through cronyism and being good sycophants.

    I loathe the CEO class and would not cry if many of them met the same fate as 18th century French elites, but I don't see how Mulally is so evil. Look at the crap that ran GM over the past 40 years and compare.
  • iluvmysephia1iluvmysephia1 Posts: 5,663
    edited April 2011
    I actually agree with you and I must say, you know how I put down German cars? Well, if I had the money I would probably go test-drive an Audi A4 or another Audi and possibly buy one. It is all in good fun. You are my Seattle connection on Edmunds and you know I'm only about 311 miles east of you now. I'm in little 'ole Kellogg, ID. Home of Dave Smith Motors. Dave Smith Motors is the World's Best Selling Chrysler dealer! No kiddin'. And he is the Pacific NW's best-selling Chrysler dealer and there's been reports he's the World's 3rd Largest Chrysler dealer.

    The closest Mitsu dealer is about 65 miles west in Spokane. But the problem I have with myself when I put down German cars is I haven't test-drove them all! Another Edmund's member, jimbres, lets me know that I'd probably love the drive of a German car so I'll just shut up and reserve judgement for later. After I actually know more of what I'm blabbling about. And I did mean spelling of that word to say blabbling. :P

    Here's a German concept I'm really kind of interested in test-driving, if it gets built. And I think VW will build this minibus.

    image2013 VW Minibus Concept

    image

    This rig has shot to No.3 on my futures list of purchase possibilities. They're mentioning the 'E' word with it, in that VW is designing it to be an all-electric powertrain. Put it #3 behind the 2013 Mitsubishi Lancer GTS Hybrid with S-AWC (a must because of Kellogg's snowy, icy winters that last about 6 months), the 2013 Kia Rio hatchback in ICE form, and now this. But this one, if it can reach the 186 miles of range that I just read about they are advertising, could shoot to No.1 on my list in a Seattle minute.

    I would translate that 186 miles to a more realistic 135 miles, actually. More usually always means less with all-electric powertrain fantasia's.

    image

    I like these seats as well. I am seriously considering a VW product for purchase-this would be an iluv first. I wonder what product VW uses to make these seats. It is white and the Chow Chow and Pomeranian would make mincemeat of them (as in dirtying them)...or would they? Look closely at those seats. They look vinyl on the side and cloth in the center. Humm...have ta just wait and see in the test drive about those.

    Did you guys know this concept was first unveiled at the Detroit Auto Show in Jan. of 2001? Wow! I had no clue.

    image

    image

    image

    image
    2013 New World Order VW "crewcab" Minibus"

    Wheelbase:

    118.1 inches

    Length:

    185.5 inches

    Height:

    75.0 inches

    Engine:

    3.2 liter 230hp V6

    Transmission:

    5 speed Tiptronic

    Tires:

    245/45R20H tires
    (yes, 20" wheels!)

    My 2008 Mitsubishi Lancer GTS has 215 45R18 sized tires. And the Hankook's cost me $200.52 a tire. This VW Minivan's will cost me even more to replace, you know that, don't you?

    Of course, these Hankook's have a lifetime rotation and replacement Warranty on them, too. For $20.00 a tire Discount Tire will rotate them for free for life and replace them, if anything ever happens to the tire from an injury while driving. It doesn't cover "normal wear and tear" but with all the crap on the road out there the Warranty covers road damage injuries that kill the tire. And free rotations for the life of those tires. I pondered it for a bit, then bought it. Not such a bad deal, really.

    fintail-I'm catching the German car bug! It's happened...finally. Actually, I was taught to drive stick in a 1966 VW Fastback. That was such a fun car to drive. Shouldn't be such a surprise ta me that I would one day desire to purchase my own VW. This is a likely color choice for the VW Bulli.

    image
    My favorite dog is the Pomeranian, and they come from the upper German province of Pomerania. Come on, now. Get with the program y'all! It's all German! Germania!

    Is Dallas with the tall German Dirk Nowitski finally going to prevail in the NBA playoffs and...ummm...actually advance to the...eeekkk...2011 NBA Finals?

    German-build quality? Can VW build this thing with rock-solid electricals...including the all-electric powertrain? Can they? Do it! I challenge you ta do it properly the first time, VW!

    Am I right?

    2008 Mitsubishi Lancer GTS

  • fintailfintail Posts: 32,892
    German build quality is usually top notch. Even German Fords (gotta be on topic) are often very good cars - the basis for many of Ford's world offerings now. German electrical quality...well, it's a crapshoot. You get driving pleasure at the price of maintenance. Nothing is free.

    Is there any kind of German make dealer in ID, or do you have to go to Spokompton? The little bus looks fun, but the transition from concept to production can sometimes be painful.

    20" wheels on that little thing? Impractical, won't see the real world. I spent over $1200 for a set of tires for my car - after rebate. I don't want to hear about tire costs :shades:
  • fezofezo Posts: 9,195
    Uh oh. Iluv has caught the German car bug!

    I'll tell you the nicest driving cars I ever dealt with were German. Next were probably Swedish. I keep ending up with Japanese name plates because of the reliability - certainly not the fun factor, though until recently Honda always tried to put some fun in their cars.

    That 01 microbus was a different thing from what they are talking about now. I saw that 01 job at the MY Auto Show in 01. At the time they were talking about maybe producing it. Sadly they didn't. This current one sounds like they'll really do it. That would be a treat.
  • iluvmysephia1iluvmysephia1 Posts: 5,663
    really becoming a world automotive power...ohh...oh...you say they've always been an automotive world power? Of course they have. What I mean by this comment is that they're coming back from the comatose state they've been in for a while and are producing some fine motorcars (trucks have always been there and SUV's have been pretty rock-solid as well) these days. With great reliability, and it's the reliability that is making more hits with me than the SYNC and other Microsoft connectables. Though those can be fun, if they really work, and that is what I'm talking about. Apparently the 2012 Ford Focus electro-sound toys are not working all the time, adding to new car purchase irritation.

    2008 Mitsubishi Lancer GTS

  • iluvmysephia1iluvmysephia1 Posts: 5,663
    edited April 2011
    image
    VW Minibus concept named 'Bulli'

    Looks just like a futuristic, smaller than bus...bus. Looks just like it's supposed ta look. And it's lookin' hot. I really think V-Dub-L-You oughta build this pup. I'm practically planning for it in my budget for 2013 right now. :shades: Though the bus may not come out until 2014. In which case it will give me more time ta save. The '08 Lancer GTS will be paid off in May of 2013 and will be worth around $7 or $8,000 by that time, which should be worth about $6,000 in trade at a V-Dub-L-You dealer in Spokane, WA, round about that time.

    You can never plan big purchases too early V-Dub-L-You...get crackin'!

    2008 Mitsubishi Lancer GTS

  • Thank you, Thank you, Thank you
    I want people to know, That my family did not receive one penny from Ford Motor Company, and my son's case is dismissed. I spend my time writing these post to educate the consumer, and hopefully save some lives.
    A few more points, I wish to make is that the passenger's family of the Lincoln car fire did settle with Ford Motor Company.
    And the cruise control switch was found, and x-rayed by experts several times, and was found to have internally failed.
    Also, I received a phone call the night the car fire happened from my son, saying "something smells wrong with the car, up or jump" and the phone went off.
    2 hours later I heard a heavy knock on my door, that every mother dreads. Stating they had found my car , and there were two bodies in the car, one big ,one small and not recognizable. My child was dead, burned to death. My life will never be the same. But, Alan Mulally gets an award , gets millions for being so great.
    But, Judge Bernard A. Friedman did not believe I had a case, and denied the case to be transferred back to Texas, where it was originally filed.
  • fezofezo Posts: 9,195
    How can you give a CEO an " A" when in AUGUST 3, 2006 -- Ford Motor Co. has cumulatively recalled 6.7 million vehicles since January 2005 that are equipped with a Texas Instruments speed control deactivation switch that has been linked to dozens of engine fires.

    Allan Mullaly was not employed by Ford at that time.

    If you want to blame Ford I have no problem with that. I have certainly had my issues with them though not at all to the degree you did, but Mulally is part of the solution.

    Courts, meanwhile, are odd things. There is no logic to them and huge injustices are overlooked while at other times frivolous suits are rewarded.
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,347
    "frivolous suits are rewarded"

    No kidding.

    You can thank greedy trial lawyers and jurors that shouldn't be serving for that!

    And, you're right. Mulally can't be blamed for something that happened when he wasn't there.

    Were it not for his business sense, Ford may not exist today.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,921
    "Ford Motor Co. has named Mark Fields its new chief operating officer, company chairman Bill Ford Jr. and CEO Alan Mulally said Thursday in a conference call.

    Fields, currently Ford's President of the Americas, will take over his new position effective Dec. 1. Mulally, currently CEO, will remain in that position until at least 2014."

    Ford taps Fields as COO; Mulally remains CEO (Detroit News)

    2014 sounds like a long way off, but if Mulally decides to leave on 1/1/14, then we're really jut looking at 13 months before the handoff.

    Call it two years if he steps down at the end of 2014.

    Sucession plans have been laid and Mulally is currently 67 (the new 57). Better to set something up now, like Apple did, and trust that the scheme and pending retirement won't be a drag on the stock value.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,921
    edited November 2012
    The Detroit News has "fixed" their article to conform with Ford's press release, which says that Mulally will stay on as president and CEO "through at least 2014".

    Mark Fields becomes COO and the obvious successor. The WSJ reports that "Ford officials stopped short of specifically naming Fields the next CEO, but both Mulally and Ford said they're rather see an internal candidate take over the top job than to hire someone from outside the company.

    That was not the opinion in 2007 when Ford hired Mulally away from Boeing, a decision that at the time, many said was a risk because he was not an automotive expert."
  • berriberri Posts: 4,000
    The Fields choice is kind of interesting and there may be some differences of opinion because while he has been a key player under the Mulallay turnaround, he was also a key player during the disastrous previous management leadership. Also, as North American chief, he is sitting at the top while the quality is bombing. Probably just depends on whether he keeps himself in with the Ford family.
  • I rather doubt Ford stockholders who bought at $18.97 in January 2011 are very pleased with today's stock prices.
  • berriberri Posts: 4,000
    I think there was some of that "irrational exuberance" initially when Ford avoided BK. Truth is, I think they would have been better off restructuring because they had to leverage the hell out of themselves to avoid BK, keep too much fixed cost and then get shafted by hardline UAW as a return for it. But it did keep the Ford family firmly in control with a minority financial holding through their special class of stock shares. Don't want to be totally negative though, because a lot of the Mulally changes are going to help them out for a long time as long as the Ford family can keep personalities, internal politics and the like out of it after he retires. They can't afford to go back to the old management and leadership model they had before Mulally's leadership.
  • Good points!

    Without knowing all the ins and outs of what goes on at Ford behind closed doors, it seems to me, as a rank outsider, that Ford made a strategic error in trying to go into the software business. They really should have hired Silicon Valley to develop all their driver/car interfaces. Their systems haven't worked out too well.
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